China SAIC Q2 net up 266 pct on strong sales, beats estimates


BEIJING, Aug 25 (Reuters) - SAIC Motor Corp , China's biggest automaker, said on Wednesday its second-quarter net profit rose 266 percent on strong auto sales. SAIC, which runs car manufacturing ventures with General Motors [GM.UL] and Volkswagen , booked an April-June net profit of 3.0 billion yuan ($441 million), compared to 818.9 million yuan a year earlier, it said in a stock exchange filing. The result was a touch ahead of an average forecast of 2.9 billion yuan from three analysts ...

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